Short Takes: A Reverse Stock Split for a Reverse Lender / A Change of Strategy / The Mortgage SPAC Club / Housing Wealth / Bullish on MI Sector July 1, 2024 Paul Muolo To date, there have been just three mortgage IPO SPACs...Read More
Large Nonbank Lenders Gain Market Share in First Quarter June 28, 2024 Brandon Ivey PennyMac Financial was the only top-five lender to post a decline in originations in the first quarter.Read More
Banks Add to Holdings of Agency Pass-Through Securities June 27, 2024 John Bancroft Holdings of agency pass-through securities at banks rose 8.6% during the first quarter to $398.47 billion.Read More
Nonprime Servicing Portfolios Tick Up in First Quarter June 27, 2024 James Dohnert Chase was the only servicer among the top five to have its nonprime mortgage servicing portfolio shrink between the fourth and the first quarters.Read More
Lenders Reduce Mortgage Securitization Usage in 1Q June 26, 2024 Brandon Ivey The decline was driven by loans eligible for sale to the government-sponsored enterprises along with FHA and VA mortgages.Read More
Brokers Gain Nonconforming Market Share in 1Q June 25, 2024 Brandon Ivey A big boost in UWM's originations led to an increase in the broker share of the nonconforming market in the first quarter of 2024.Read More
1Q24 HECM Production the Weakest in Years June 24, 2024 Monica Hogan HECM lending hasn't been this low since before the COVID-19 pandemic...Read More
Home Equity Lending Declines in First Quarter June 21, 2024 Brandon Ivey Many of the top depository institutions reduced their production in the first quarter.Read More
GSE MBS Issuance Increases in May, Led by Freddie June 20, 2024 Namrata Bhatia Freddie saw the bigger monthly increase in MBS output, up 9.4% from April. Business was up 6.3% at Fannie.Read More
Non-Agency MBS Market Grows in First Quarter June 18, 2024 John Bancroft The Federal Reserve reported $445.78 billion of non-agency MBS outstanding at the end of March, up 2.6% from December.Read More
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